The U.S. indexes said goodbye to the week with a fall

U.S. futures indices did not react particularly strongly to weak labor market data, Dow futures are still predicting a modest 28-point decline to open, while S&P 500 futures are up 8 points and Nasdaq are up 81 points, up 0.2 and 0.5 per cent, respectively.

Dow index development (points)

The development of the number of people employed outside agriculture is the labor market indicator that the US Federal Reserve monitors in addition to inflation, and at the September meeting it explained with improving employment why it will be necessary to start the downsizing of the asset purchase program. The central bank may announce in the coming months that it will reduce its asset purchase program, as inflationary developments strongly justify this, but it also depends on labor market data whether this will be announced in November or December. The weak labor market data in September tends to point to the Fed’s expectation, which could have a positive impact on stock markets.

Source: – Befektetés by

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